If you regularly read this blog you likely remember the Spending Quiz. Did you take it? It’s not too late you can always take it now but here are the most interesting insights I gained from the results thus far:
- Only 10% of respondents actually control spending
- 70% are not pleased with your cash flow management results at this point
- 75% of people are either over spending or just managing to stay out of the over draft but don’t feel they are making progress
This is no surprise to me. I find that for so many people who would say they feel financial stable would also say they feel like they are making good money and they really aren’t sure where it all goes. Their feeling of financial stability comes from income only. Does your financial stability come with a direct deposit or from building yourself a great back up plan for the short term, and creating options for your long term goals?
Most of the people I work with are well educated, intelligent and earn great incomes and even when they are not in trouble I can often help them make their situation far more efficient. Being “active” spenders is a big key to making a good income do great things!
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